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A Banana Republic Once Again?

(Part two of a two-part series)

bananasIn the first part of this series, the Center for Media and Democracy reported how the 2009 coup d'etat that toppled Honduran President Manuel Zelaya was successfully maintained not through the use of force, but through the power of lobbying and spin. That tale, whose details were revealed through Wikileaks' publication of diplomatic cables and research into lobbying activities, had some echoes of the role PR played in an earlier "regime change" in the region. Here is the story of how the Chiquita banana company successfully used PR spin to help topple Guatemala's left-leaning government in 1954, and how they may have done it again in Honduras, 2009.

America's Inefficient and Ineffective Approach to Border Security

Border fence

Last week, the Senate refused to approve the DREAM Act, a bill that would have offered a path to citizenship for children brought into the country illegally if they attend college or serve in the military. Opponents stated that no immigration reform will happen without first "securing" the 1,951 mile U.S. border with Mexico. America's current approach to border security is wasteful and ineffective, and "securing the border" will never be achieved until we redefine our approach to, and definition of, border security. With many in Washington expressing concern about fiscal responsibility, reining in the billions wasted annually on current border security policies should really be a priority. But America's xenophobic preoccupation with an "invasion" by brown-skinned "illegals" may keep us pursuing an expensive and unreasonable approach to border security.

A Cheery Holiday Message from Bankster: Death Eaters on Wall Street

Today's Wall Street Journal has a stunning exposé on a publicly-traded company called Life Partners Holdings. Are you ready for this? Life Partners creeps around asking the unemployed, the elderly and the sick (especially people with HIV/AIDS) to sell them their life insurance policies for cash. Then they bundle these policies into securities and sell them to vultures -- oh, I am sorry, "investors." Then the "investors" sit around and wait for people to die -- the sooner the better for the purchasers of these death bonds. The future of this industry "looks bright," chirps National Underwriters.

Reminds you a little of those Death Eaters in Harry Potter, doesn't it?

Honduras' PR Coup

Part one of a two-part article. (Go to part two).

Wikileaks recently published documents suggesting that PR spin helped determine the final outcome of the June 2009 Honduran coup. At the same time that a July 2009 diplomatic cable from the U.S. Ambassador in Honduras to top government officials confirmed that the Honduran president's removal was illegal, professional lobbyists and political communicators were beginning a PR blitz, eventually managing to manipulate America into believing the coup was a constitutional act.

Will Cutting Taxes for the Rich Really Create Jobs?

The White House and many Congressional Democrats recently caved to Republicans in a deal extending all of the Bush tax cuts for two years in exchange for a 13-month extension of unemployment benefits. The deal reverses stated opposition by many Democrats to an extension of tax cuts for the top income bracket, with 25 percent of the savings from the deal going to benefit the richest one percent of Americans. While Democrats who supported the bill claimed to do so begrudgingly, the plan has many avid supporters who justify its lopsided benefits by insisting that tax cuts for the rich and for businesses create jobs and benefit the economy. This is a big myth.

Trapped in Bank of America Hell

Are you one of the lucky ones? Have a good job, live in a nice neighborhood, enjoy your cozy home? Think foreclosure only impacts the reckless or the unemployed?

Think again.

George Mahoney worked and saved and built his cozy colonial-style home in Lynnfield, Massachusetts in 1981. There, he and his wife raised three lovely daughters. For many years, the Mahoneys paid down their relatively small mortgage with their local bank -- a division of Bank of America (BofA). In 2007, they took out a second mortgage to help a daughter start a small business. Two wage earners, a great credit record -- the loan was a breeze. That was when the trouble began.

About a year after getting the second mortgage, BofA started notifying George that his payments were late. Soon they jacked his credit card interest rates from seven percent to twenty-eight percent. Next, they ruined his credit record. His Sears card dropped from a $10,000 limit to a $500 dollar limit. Then one day in the fall of 2009, BofA initiated foreclosure on the house he had built and owned for 28 years.

The only problem? The Mahoneys had never missed a single payment on either their first or second mortgage.

Insurers Spin Court Decision on Health Insurance Mandate

Wendell PotterWhen I testified before Congress last year, I told lawmakers that if they passed a health care reform bill with an individual mandate but no public option, they might as well call their bill the "Health Insurance Profit Protection and Enhancement Act." Well, of course, that is exactly what Congress did, but they didn't change the name of the new law as I suggested. I was as upset as anyone that the public option was stripped out, but I nevertheless later said that Congress should still pass the bill because of the protections it contained against common predatory practices by insurers, like canceling breast cancer patients' insurance in the midst of treatment and refusing to sell coverage at any price to people with pre-existing conditions. The bill also expands Medicaid to encompass several million Americans who cannot afford to buy overpriced and often inadequate health insurance.

Hell Freezes Over: Philip Morris Settles a Wrongful Death Suit

Philip Morris (PM) broke from its longstanding policy of never settling a personal injury case recently after it quietly paid $5 million to settle a wrongful death suit brought against its subsidiary, U.S. Smokeless Tobacco (USST), maker of Copenhagen and Skoal brands of spit tobacco. PM's parent company, Altria Group, acquired USST in 2009.

Kelly June Hill sued USST on behalf of her son, Bobby Hill, who died of oral cancer in 2003 at age 42. Bobby got addicted to spit tobacco as a child, long before health warning labels were put on the product in 1987. In the course of the case, USST dumped a half million pages of documents on the plaintiffs lawyers, which, by Hill's attorneys' own account, made searching for helpful material quite interesting.

Quietly Ticking Time Bomb in Fed Data

Last week, the Federal Reserve was finally forced by law to release some (not all) of the details of its back-door bailout of the global financial system. The Fed data focuses on the emergency lending programs initiated in 2007/2008, but it also includes data for the Fed's more recent purchases of mortgage-backed securities (MBS). These later purchases represent the real risk for taxpayers in the Fed's continuing bailout activities, but have received the least coverage in the mainstream press.

Build Settlements, Be Intransigent, Get Weaponry

Op-ed by Steve Horn--On Dec. 9, 2010, Haaretz, one of Israel's top newspapers and news sources, reported that the United States would allocate some $205 million for something called an "Iron Dome anti-rocket system." As a reward, then, for the non-stop building of settlements, Israel was showered with weapons by the U.S., thanks mostly to the Pro-Israel lobby, which has remained a huge obstacle in solving the Israel-Palestine conflict from time immemorial.

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